Murphy Financial Advisors, a hybrid team managing $200 million in Amarillo, Texas, has switched affiliations to LPL from Cadaret Grant & Co. The six-person team will use LPL’s broker-dealer and corporate registered investment adviser platforms.
The group also is joining Happy Investment Services, the wealth management arm of Happy State Bank.
The team is led by Jess Murphy, who founded the firm in 1983, and his son, Nathan. It includes adviser Ryan Collins and three support staffers.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
